Economic package fails to spur yen
NEWS
TOKYO -- The Japanese government's much-hyped emergency economic package, which was launched last Friday (April 6), disappointed the market and may lead to further yen weakness, analysts said.
"You could describe it as a non-package," Joanne Collins, senior economist at Daiwa SBCM Europe in London told FX Week. "There were no surprises, less detail than we expected and many things are left undecided -- none of these things are good for the yen."
The package aims to boost Japan's ailing economy by
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